In 2011 analytics will take center stage as a key trend because companies are at a tipping point with the volume of data they have and their urgent need to do something about it. So, with 2010 now past and 2011 to look forward to, I wanted to take the opportunity to submit my predictions … Continue reading Five Analytics Predictions for 2011

There has been a lot of discussion recently around advanced analytics. I'd like to throw my definition into the rink. I spent many years at Bell Laboratories in the late 1980s and 1990s deploying what I would call advanced analytics. This included utilizing statistical and mathematical models to understand customer behavior, predict retention, or analyze … Continue reading What is advanced analytics?

There has been a lot of excitement in the market recently around business analytics in general and specifically around predictive analytics. The promise of moving away from the typical rear view mirror approach to a predictive, anticipatory approach is a very compelling value proposition. But, just how can this be done? Predictive models are complex. … Continue reading Operationalizing Predictive Analytics

I just got back from the IBM Information on Demand (IOD) conference in Las Vegas. A key message was that the future is in analytics and predictive analytics at that. IBM has already invested $12B ($8B acquisitions, $4B organic growth) in analytics since 2005. Its recent purchase of SPSS has enabled the company to put … Continue reading Is it Possible to Make Predictive Analytics Pervasive?

I recently had the chance to get an update on what SPSS is up to in text analytics. It was an interesting conversation for several reasons: First, it highlighted an important point about text analytics – which we know but is worth repeating – which is that the analysis of unstructured data can be … Continue reading Text Analytics and the Predictive Enterprise

Several weeks ago, Hurwitz & Associates deployed a short survey entitled, “Four questions about innovations in analysis”. Well, the results and they are quite interesting! THE SURVEY First, a few words about the survey itself and who responded to the survey. We wanted to make the survey short and sweet. We were … Continue reading Four Questions about Innovations in Analysis